This paper examines the drivers of fluctuations in global inflation, defined as a common factor across monthly headline consumer price index (CPI) inflation in G7 countries, over the past half-century. It estimates a Factor-Augmented Vector Autoregression model where a wide range of shocks,...

This forward-looking volume offers insights into the globalization of the Chinese economy and its accession to the WTO. The contributors provide updated accounts of recent developments in the Chinese economy and examines the implications of China's accession for the rest of the world